Itau Unibanco Holding S.A. Buys 12,211 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Itau Unibanco Holding S.A. lifted its position in Airbnb, Inc. (NASDAQ:ABNB) by 45,225.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 12,238 shares of the company’s stock after acquiring an additional 12,211 shares during the period. Itau Unibanco Holding S.A.’s holdings in Airbnb were worth $1,552,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in ABNB. GAMMA Investing LLC lifted its stake in Airbnb by 16.3% during the 2nd quarter. GAMMA Investing LLC now owns 2,164 shares of the company’s stock valued at $328,000 after acquiring an additional 303 shares during the period. Massmutual Trust Co. FSB ADV lifted its position in shares of Airbnb by 13.5% during the second quarter. Massmutual Trust Co. FSB ADV now owns 901 shares of the company’s stock worth $137,000 after purchasing an additional 107 shares in the last quarter. Mather Group LLC. lifted its position in shares of Airbnb by 84.5% during the second quarter. Mather Group LLC. now owns 3,017 shares of the company’s stock worth $498,000 after purchasing an additional 1,382 shares in the last quarter. Kingswood Wealth Advisors LLC raised its holdings in Airbnb by 16.3% in the second quarter. Kingswood Wealth Advisors LLC now owns 2,480 shares of the company’s stock valued at $376,000 after acquiring an additional 348 shares in the last quarter. Finally, Park Avenue Securities LLC raised its holdings in Airbnb by 38.7% during the second quarter. Park Avenue Securities LLC now owns 16,326 shares of the company’s stock worth $2,476,000 after purchasing an additional 4,556 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Wall Street Analyst Weigh In

ABNB has been the subject of several research reports. Piper Sandler lifted their price target on Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Citigroup increased their target price on Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Royal Bank of Canada decreased their target price on Airbnb from $150.00 to $120.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. Truist Financial decreased their price target on Airbnb from $134.00 to $124.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a research note on Wednesday, August 7th. Six analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Airbnb has a consensus rating of “Hold” and an average price target of $138.97.

Insider Buying and Selling at Airbnb

In other Airbnb news, CEO Brian Chesky sold 230,769 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total value of $27,692,280.00. Following the sale, the chief executive officer now owns 13,315,912 shares in the company, valued at $1,597,909,440. This represents a 1.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Elinor Mertz sold 6,250 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total value of $750,000.00. Following the completion of the transaction, the chief financial officer now directly owns 537,072 shares in the company, valued at $64,448,640. The trade was a 1.15 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 718,017 shares of company stock worth $91,842,052. 27.83% of the stock is currently owned by insiders.

Airbnb Trading Up 1.0 %

NASDAQ:ABNB opened at $137.49 on Tuesday. The business has a fifty day moving average of $134.15 and a 200-day moving average of $135.25. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The stock has a market cap of $87.16 billion, a price-to-earnings ratio of 48.24, a PEG ratio of 1.93 and a beta of 1.13. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same period in the prior year, the company posted $2.39 EPS. Equities analysts predict that Airbnb, Inc. will post 4.02 earnings per share for the current year.

Airbnb Company Profile

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company’s marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.